Month: May 2019

In this post, we’re sharing the latest updates of the stocks from our watchlist. Please don’t treat this as a buy recommendation. We find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. We make our notes on the quarterly results and conference calls. Putting it up here makes it easier for us to refer them at a future date.

Recently, I wrote a post where we got to know about a few patterns which help us identify emerging moats in the Indian stock market.

Now, we will review Balkrishna Industries and see if it fits into any of the patterns discussed in our previous post. Before proceeding ahead, let’s list down the four patterns to look for in an emerging moat to refresh our memory:

Fixing Past Misallocation mistakes.

Intelligent initiatives artificially suppressing the earnings.

Geographical expansion pulling down the near term earnings.

Inorganic growth by buying businesses at bargain value and then turning them around.

I am not going to deep-dive into Balkrishna Industries (BKT) here. I wrote a report on BKT in 2014 for Safalniveshak. You may find it here. Recently, the Finception team wrote an awesome post on BKT which I would highly recommend.

Purpose of this post is only limited to finding out whether BKT is following any of the above mentioned patterns or not.

In this post, we’re sharing the latest updates of the stocks from our watchlist. Please don’t treat this as a buy recommendation. We find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. We make our notes on the quarterly results and conference calls. Putting it up here makes it easier for us to refer them at a future date.

In this post, we’re sharing the latest updates of the stocks from our watchlist. Please don’t treat this as a buy recommendation. We find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. We make our notes on the quarterly results and conference calls. Putting it up here makes it easier for us to refer them at a future date.

Prof Sanjay Bakshi needs no introduction to the value investment community of India. He has a big fan following across the globe. Prof. Bakshi teaches a very popular course titled Behavioral Finance and Business Valuation to MBA students at Management Development Institute in Delhi, India. He has shared invaluable content on investing in stock market on his blog and youtube channel which can be a guide to anyone who is just starting up his investment career. Recently, I came across a podcast of Prof. Bakshi, which gives away pearls of wisdom, especially for equity investors.

This post, however, focuses only on the point of locating an emerging moat for a business. In the subsequent posts in this series, we’ll look at examples of Indian listed companies from this emerging moat lens.

Banks remain an enigma for new and inexperienced investors who are often clueless as to how to go about assessing them for a potential investment in the stock market.

It’s fair to say that banking is one of the toughest industries to understand for new investors.

So we’ve created this report to simplify how banks work. This will definitely help the new investors wrap their head around banking industry. We also cover the history of banking in India and how the landscape has evolved over the years.